Common use of Error Detection Clause in Contracts

Error Detection. Bank has no obligation to discover and shall not be liable to Customer for errors made by Customer, including, but not limited to errors made in identifying the Receiver, or an Intermediary or RDFI, or for errors in the amount of an Entry or for errors in settlement dates. Bank shall likewise have no duty to discover and shall not be liable for duplicate Entries issued by Customer.

Error Detection. Bank has no obligation to discover and shall not be liable to Customer for errors made by Customer, including, including but not limited to errors made in identifying the Receiver, or an Intermediary or RDFI, RDFI or for errors in the amount of an Entry or for errors in settlement datesSettlement Dates. Bank shall likewise have no duty to discover and shall not be liable for duplicate Entries issued by Customer.. Notwithstanding the foregoing, if Customer discovers that any Entry it has initiated was in error, it shall notify Bank of such error. If such notice is received no later than four